Aigen Investment Management LP Makes New $258,000 Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Aigen Investment Management LP purchased a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) in the third quarter, according to its most recent filing with the SEC. The fund purchased 25,045 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Sunstone Hotel Investors by 20.1% during the first quarter. BNP Paribas Financial Markets now owns 109,137 shares of the real estate investment trust’s stock worth $1,216,000 after purchasing an additional 18,240 shares during the period. Janney Montgomery Scott LLC raised its stake in Sunstone Hotel Investors by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 1,215 shares during the period. Sei Investments Co. lifted its holdings in Sunstone Hotel Investors by 21.6% in the first quarter. Sei Investments Co. now owns 156,229 shares of the real estate investment trust’s stock worth $1,740,000 after acquiring an additional 27,743 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Sunstone Hotel Investors by 572.0% in the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock valued at $2,440,000 after acquiring an additional 186,413 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Sunstone Hotel Investors by 6.1% during the first quarter. ProShare Advisors LLC now owns 41,451 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 2,388 shares during the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Down 0.2 %

Shares of SHO stock opened at $10.11 on Friday. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $11.59. The firm has a market capitalization of $2.05 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 6.56 and a beta of 1.25. The stock has a fifty day moving average of $10.34 and a two-hundred day moving average of $10.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.75 and a current ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $226.40 million for the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Tuesday, December 31st. Sunstone Hotel Investors’s payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SHO shares. StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price target for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.42.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.